Private Equity
A.H. Belo said Tuesday that it and its partners in Classified Ventures have agreed to sell their stakes in that company to Gannett Co. for $2.5 billion. A joint venture of five media companies, which include The McClatchy Company, Tribune Media Company and Graham Holdings Company, Classified Ventures is the owner of online car shopping website Cars.com. Moelis was the financial advisor on the deal, which is expected to close before the end of the year.
3 min read · 05 August 2014
Square has acquired San Francisco-based food delivery service Caviar. No financial terms were disclosed. Caviar's backers included Tiger Global Management, Andreessen Horowitz and Paul Buchheit.
2 min read · 05 August 2014
New York-based content discovery platform Taboola has acquired Perfect Market. No financial terms were disclosed. Headwaters MB advised Perfect Market on the deal. Headquartered in Pasadena, Calif., Perfect Market is a provider of digital publishing software solutions. Taboola's backers include Pitango VC, Evergreen Venture Partners, WGI Group and Marker.
3 min read · 04 August 2014
Department store chain Nordstrom is acquiring Trunk Club, the latter announced on its site. No financial terms were disclosed; although other outlets peg the value to be at $350 million.
1 min read · 01 August 2014
RTL Group said Thursday that it has agreed to buy a 65 percent stake in SpotXchange for $144 million. RBC Capital Markets advised SpotXchange on the transaction. The deal is expected to be completed by the end of August. Based in Denver, SpotXchange is a video advertising platform. Its backers include H.I.G. Growth Partners.
5 min read · 31 July 2014
Virtual scrapbook site Pinterest has acquired Icebergs, a visual organization startup, the latter announced on its site. No financial terms were disclosed. Icebergs, which is headquartered in Barcelona, will be joining the Pinterest team in San Francisco and discontinuing its service on September 1. Pinterest's backers include SV Angel, Bessemer Venture Partners, Fidelity, Andreessen Horowitz, FirstMark Capital and Valiant Capital Partners. To read the post, visit here.
1 min read · 31 July 2014
Merz has completed its acquisition of Ulthera, a Mesa, Arizona-based provider of non-surgical lifting and tightening treatments. The value of the transaction is up to $600 million. Ulthera was backed by New Enterprise Associates and Apposite Capital.
3 min read · 30 July 2014
Packaging Coordinators, a portfolio company of Frazier Healthcare, has agreed to buy Penn Pharma. No financial terms were disclosed. Headquartered in Tradegar, Wales with offices in New Hope, Penn. and Tokyo, Penn Pharma is a provider of drug development and manufacturing services.
5 min read · 29 July 2014
U.S. real estate website operator Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock, as the U.S. real estate market continues its choppy recovery, Reuters reported.
1 min read · 28 July 2014
U.S. real estate website operator Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock, as the U.S. real estate market continues its choppy recovery, Reuters reported.
1 min read · 28 July 2014
